Alliancebernstein L.P. Sells 36,160 Shares of 3D Systems Co. (NYSE:DDD)

Alliancebernstein L.P. cut its holdings in 3D Systems Co. (NYSE:DDD) by 29.7% during the 4th quarter, Holdings Channel reports. The fund owned 85,410 shares of the 3D printing company’s stock after selling 36,160 shares during the period. Alliancebernstein L.P.’s holdings in 3D Systems were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. HighTower Advisors LLC bought a new position in shares of 3D Systems in the third quarter worth about $31,000. Blue Trust Inc. lifted its holdings in 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of 3D Systems in the fourth quarter worth $39,000. Wealthfront Advisers LLC bought a new stake in shares of 3D Systems during the 4th quarter valued at $57,000. Finally, Pacer Advisors Inc. boosted its holdings in 3D Systems by 104.5% in the 4th quarter. Pacer Advisors Inc. now owns 18,465 shares of the 3D printing company’s stock worth $61,000 after buying an additional 9,434 shares during the period. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DDD shares. Cantor Fitzgerald lowered their price objective on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Friday, April 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.67.

3D Systems Price Performance

DDD stock opened at $1.78 on Tuesday. 3D Systems Co. has a 52 week low of $1.71 and a 52 week high of $5.00. The firm has a market capitalization of $240.58 million, a P/E ratio of -0.45 and a beta of 1.81. The company has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $3.16. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.